IDS20500 Lecture Notes - Lecture 3: Human Development Index, Magna Carta, Social Innovation
7 Sep 2016
School
Department
Course
Professor
Document Summary
Economic growth leads to possibility of development. Poverty trap: when the country is too poor to make the basic investments it needs to escape from extreme material deprivation and get on the ladder of economic growth. Who: 50-100 dollars to meet basic healthcare in the poorest countries. Inequality: two groups of people that are not seen as identical. Why some countries are still catching up while others are already developed. When thinking about the wealth we think about distribution. Absolute: so poor that you don"t have enough to survive. What it takes to survive in the world. Do not focus much but still very consequential. 0 means everything is perfectly distributed, while 1 means the opposite measures how close to equality one is. The ability to power yourself, non-biological source of energy. Finance: rich enough to use for something else that is not survival (able to invest)
